Updates: MNDY 2Q23 - Finding Great Operating Leverage
Summary
* MNDY continues to delight investors by delivering excellent operating leverage while not letting.
* We review MNDY's new products, such as monday CRM, monday Dev,.
* Specifically, mondayDB, MNDY's new backend architecture, could be a significant catalyst for CRM and its efforts in GenAI.
* We discuss a number of factors in MNDY's valuation. The general takeaway is that it seems the market is pricing in a steep-ish growth deceleration to the high-teens over the next couple of years